The price of Sunrun Inc (NASDAQ:RUN) shares last traded on Wall Street fell -9.05% to $9.15.
RUN stock price is now -25.75% away from the 50-day moving average and -35.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.05B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $23 to $11, Piper Sandler Downgraded its rating from Overweight to Neutral for Sunrun Inc (NASDAQ: RUN). On November 08, 2024, Exane BNP Paribas Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $14, while ‘Guggenheim’ rates the stock as ‘Neutral’
In other news, STEELE JEANNA, Chief Legal & People Officer sold 2,235 shares of the company’s stock on Dec 06 ’24. The stock was sold for $23,112 at an average price of $10.34. Upon completion of the transaction, the Chief Legal & People Officer now directly owns 303,401 shares in the company, valued at $2.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Chief Executive Officer Powell Mary sold 2,931 shares of the business’s stock. A total of $30,320 was realized by selling the stock at an average price of $10.34. This leaves the insider owning 564,671 shares of the company worth $5.17 million. A total of 2.83% of the company’s stock is owned by insiders.
During the past 12 months, Sunrun Inc has had a low of $9.23 and a high of $22.26. As of last week, the company has a debt-to-equity ratio of 2.38, a current ratio of 1.47, and a quick ratio of 1.15. The fifty day moving average price for RUN is $12.4678 and a two-hundred day moving average price translates $14.108325 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for 2024-09-30. The net profit margin was -18.80% and return on equity was -7.03% for RUN. The company reported revenue of $537.17 million for the quarter, compared to $563.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.62 percent.
